SmartAsset

Medicare isn't free. This catches many retirees by surprise. Medicare has a reputation for simplicity. You turn 65 and get access to free universal health insurance. This is true to a certain degree, and that's one of the reasons the program is overwhelmingly popular among recipients. However, in practice, Medicare has many carve-outs and exceptions. […] The post Medicare Premiums: What You Should Expect to Pay in 2024 appeared first on SmartReads by SmartAsset.

Medicare Premiums: What You Should Expect to Pay in 2024

A few strategic Medicare decisions could help you save a lot of money. Worried about paying for medical expenses? Here's how to lower your Medicare costs and bank the difference. There are certain expenses you might encounter in retirement that are optional, like paying for cable, and those that are...

3 Savvy Medicare Moves That Could Slash Your Healthcare Costs in Retirement

CBS News

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.
  Planning for your retirement can be challenging, in part because of the many costs that arise at a time when you no longer have traditional income. Luckily, many of those expenses are easy to identify and plan for, such as those for traveling, housing and insurance. However, there are several retirement costs you may not be aware of.Even with careful retirement planning, the true cost of retirement may be higher than you expect. Here are a few unexpected financial...

3 retirement costs that could surprise you, experts say

Kiplinger

A 401(k) is a powerful retirement tool. Here's how they work and why your older self will thank you for investing in one.

401(k) Plans: What You Need to Know Now

GOBankingRates

Retirement can be an exciting time. If you have enough saved, you'll finally be able to take that big trip you'd been dreaming about for years. You can be more present for your family and friends and...

4 Ways To Save for Unexpected Healthcare Expenses in Retirement

The Motley Fool

A shakeup is coming to Social Security. See what's in store for 2025.

These 3 Social Security Changes Are Coming in January. Prepare Yourself Now.

Fortune

People very limited financial resources may qualify for Medicaid to help pay for health costs not covered by Medicare. Health care expenses often increase as people age, due to more health challenges and care needs. According to the Centers for Medicare & Medicaid Services, U.S. adults ages 65 and over...

Who is eligible for both Medicare and Medicaid?

Social Security beneficiaries should prepare for several changes in 2025 that will impact their monthly benefits. The most significant adjustment will be the cost-of-living adjustment (COLA), which is estimated to be around 2.7% based on current inflation trends, according to the Senior Citizens League. However, higher-than-expected inflation could push this number even higher.

Social Security’s 2025 COLA estimate updated

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

Financial Freedom Countdown

As we await the official Social Security cost-of-living adjustment (COLA) numbers, the Senior Citizens League (TSCL) has revised its long-term Social Security COLA forecast for 2025 to 2.63%. While this is an increase from the June 2024 forecast of 2.57%, it might not be enough for seniors struggling to keep up with inflation.

Retirees Brace for 2025 Social Security COLA Forecast as a 2.63% Increase May Not Be Enough

FinanceBuzz

Retired and in need of health insurance? Check out our top part-time job picks that give retirees both coverage and flexibility.

8 Best Part-Time Jobs for Retirees Who Need Health Insurance

TheStreet

When it comes to social security benefits, a few key factors impact how much financial assistance you'll receive. Here's what you need to know to maximize your benefits in 2024.

Age, lifetime income, and policy changes may impact how much you'll receive in Social Security benefits.

The IRS requires seniors to start taking distributions from tax-deferred retirement accounts starting the year after they turn 73. If you plan in advance and think long term, a couple strategies can lead to lower RMDs now and in the future. If you're still working, you may get some relief...

3 Ways to Reduce or Avoid Required Minimum Distributions (RMDs) in 2024 That Everyone Should Know

Ready to retire? Ensure your financial security by dodging these 10 common tax traps that could drain your retirement funds.

10 Retirement Tax Traps You Need To Avoid (#4 Can Be Tricky)

If my mother needs to move into a nursing home, what are the eligibility requirements to get Medicaid coverage?. The rules and requirements for Medicaid eligibility for nursing home care are complicated and will vary according to the state your mother lives in. With that said, here’s a general, simplified rundown of what it takes to qualify.

Savvy Senior-Paying for Nursing Home Care with Medicaid

Knowing these changes can help you avoid being caught off guard by more subtle Social Security updates.

3 Social Security Changes Retirees Need to Know About in 2024

Kentucky State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

Northern Kentucky Tribune

Gov. Andy Beshear sent a letter to Anne Milgram, administrator for the U.S. Drug Enforcement Administration (DEA) on Wednesday, expressing his support of the U.S. Department of Health and Human Services’ recommendation that the DEA ease restrictions on marijuana.

Gov. Andy Beshear pens letter to DEA in support of easing federal restrictions on marijuana

As you approach retirement age, the question of how much you should be saving becomes increasingly critical. Retirement savings is a topic that garners significant attention, yet it remains a source of confusion for many. How do you determine the right amount to set aside to ensure a comfortable retirement? This article aims to demystify the process and provide actionable guidelines for effective retirement planning. To learn more about retirement savings, feel free to tap into this additional resource.

Retirement Savings: How Much Should You Really Be Putting Aside?

Business Insider

Wondering how much you need to retire? Our comprehensive guide breaks down retirement planning, savings goals, and expert tips to reach your goals.

How Much Do I Need to Retire? A Complete Guide to Retirement Planning

Declutterbuzz

People report feeling overwhelmed when tasked with Decluttering. Whether it's the lack of time, dealing with chronic illness, or managing ADHD, these obstacles can seem impossible. Today, we're going to make your decluttering process simpler by using the guide How To Overcome Common Obstacles To Decluttering.

How To Overcome Common Obstacles To Decluttering

Hawaiian Electric Industries said it might not be able to continue as a going concern because of payments needed to cover a legal settlement from the 2023 Maui wildfires. The company and its Hawaiian Electric unit don't have a plan in place to cover the $1.71 billion litigation costs. The...

Hawaiian Electric Warns About Future Viability Because of Maui Fire Costs

NewsBreak

Healthcare Costs in Retirement Are Rising— Here's What You Can Do To Keep Up

A 65-year-old retiring this year can expect to spend an average of $165,000 in medical expenses in retirement, according to Fidelity. Experts, however, don’t recommend looking...

Healthcare Costs in Retirement Are Rising— Here's What You Can Do To Keep Up

Comments / 0